Search Results for: financial markets
JP Morgan to stop open outcry trading on London Metal Exchange
September 8th, 2015
U.S. bank JP Morgan (JPM.N) is quitting open outcry trading on the London Metal Exchange after cutting back on its commodity business, a move that also shows the increasing importance of electronic dealing in metals. The change, announced by ...
Brent Trades Near One-Week Low as China’s Crude Imports Decline
September 8th, 2015
China’s crude imports drop 13.4% from record in July Russia said to rule out cooperating with OPEC to cut supply Brent crude traded near the lowest price in more than a week as a slide in China’s oil ...
G20-Germany urges more Islamic finance integration globally
September 7th, 2015
Islamic finance is increasingly important in the global economy and needs to be better integrated into the international financial system, German Finance Minister Wolfgang Schaeuble told a meeting of the Group of 20 leading economies on Saturday. Islamic finance, ...
Saudi Arabia reassures on oil prices: Strategist
September 7th, 2015
While Saudi King Salman bin Abdul-Aziz Al Saud Salman met with President Barack Obama on Friday to discuss the Iran deal, the country’s finance minister also assured investors in a forum that Saudi Arabia will weather the decline in oil prices, ...
Putin says dump the dollar (Video)
September 4th, 2015
Russian President Vladimir Putin has drafted a bill that aims to eliminate the US dollar and the euro from trade between CIS countries. This means the creation of a single financial market between Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan ...
The danger of eliminating cash
September 4th, 2015
In the early days of central banking, one primary objective of the new system was to take ownership of the public’s gold, so that in a crisis the public would be unable to withdraw it. Gold was to be ...
Nerves ahead of US jobs bring down Asian stocks
September 4th, 2015
Asian stocks declined on the final trading day of the week, as investors awaited the U.S. nonfarm payrolls report for August that may play a crucial role in the Federal Reserve‘s decision about when to lift interest rates. A ...
History of Bitcoin: The journey of a virtual currency
September 3rd, 2015
The biggest thing to hit the global market since the invention of currency is the word “Bitcoin”. What started merely as an alternate electronic payment system soon became the seventh wonder of modern economy. But while most of us ...
Dechert enters Saudi Arabia with Hassan Mahassni association as Shearman opens in Dubai
September 3rd, 2015
After Saudi Arabia‘s liberalisation of its capital markets, Dechert has established a presence in the Kingdom by forming an association with the Law Firm of Hassan Mahassni. Shearman & Sterling also bolstered its presence in the Middle East with ...
IMF Note on Global Prospects and Policy Challenges
September 3rd, 2015
The Following executive summary is from a note by the Staff of the IMF prepared for the September 4-5, 2015 G-20 Finance Ministers and Central Bank Governors Meeting in Ankara, Turkey. Global growth remains moderate, reflecting a further slowdown ...
